STAND. COM. REP. NO.  592

 

Honolulu, Hawaii

                , 2011

 

RE:   H.B. No. 1586

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred H.B. No. 1586 entitled:

 

"A BILL FOR AN ACT RELATING TO OHANA HOUSING,"

 

begs leave to report as follows:

 

     The purpose of this bill is to provide an Ohana Housing Tax Credit that would authorize a resident individual taxpayer to claim an income tax credit for a percentage of the total construction cost of any residential addition or expansion built solely to house eligible family members.

 

     The Roman Catholic Church in the State of Hawaii and several concerned individuals testified in support of this bill.  The Department of Taxation submitted comments.

 

     Upon consideration, your Committee has amended this bill by:

 

(1)  Eliminating the requirement that a claim for the Ohana Housing Tax Credit be applicable to residential additions or expansions built solely to house eligible family members;

 

     (2)  Repealing the "eligible family members" definition;

 

     (3)  Making a claim for the Ohana Housing Tax Credit                    contingent on the total construction cost of any                   residential addition or expansion built to house                   individuals who reside in an emergency or transitional         shelter, or who are on a waiting for such shelter or               public housing; and

 

     (4)  Making technical, nonsubstantive amendments for clarity,      consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1586, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1586, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Housing,

 

 

 

 

____________________________

RIDA T.R. CABANILLA, Chair